(News Bulletin 247) – Mercedes-Benz has signed a supply agreement with Swedish start-up H2 Green Steel (H2GS) for around 50,000 tonnes of nearly CO₂-free steel per year for its European and deepened its partnership through a Memorandum of Understanding with the goal of establishing a sustainable steel supply chain in North America.
After taking a stake in H2GS in 2021, the new supply agreement allows Mercedes-Benz to introduce nearly CO₂-free steel into series production. The partner plans to start production in the year 2025.
As part of a broader effort to decarbonize the supply chain, Mercedes-Benz and H2GS have agreed to aim to establish a supply chain of green steel produced in North America for local Mercedes manufacturing plants. -Benz.
“We now have a relevant supply agreement finalized for Europe and we are looking to establish a sustainable steel supply with H2 Green Steel in North America,” said Gunnar Güthenke, Head of Supply and supplier quality, Mercedes-Benz Cars.
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